Northwestern Mutual Wealth Management Co. Purchases 1,379,552 Shares of First Trust Core Investment Grade ETF $FTCB

Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 14,236.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,389,242 shares of the company’s stock after acquiring an additional 1,379,552 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Core Investment Grade ETF were worth $29,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank grew its holdings in First Trust Core Investment Grade ETF by 3.1% during the third quarter. Comerica Bank now owns 17,130 shares of the company’s stock valued at $365,000 after purchasing an additional 515 shares during the period. Moloney Securities Asset Management LLC grew its holdings in First Trust Core Investment Grade ETF by 1.9% during the third quarter. Moloney Securities Asset Management LLC now owns 28,057 shares of the company’s stock valued at $598,000 after purchasing an additional 525 shares during the period. Ameritas Advisory Services LLC grew its holdings in First Trust Core Investment Grade ETF by 6.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 10,242 shares of the company’s stock valued at $217,000 after purchasing an additional 597 shares during the period. Ascent Group LLC grew its holdings in First Trust Core Investment Grade ETF by 9.4% during the fourth quarter. Ascent Group LLC now owns 10,535 shares of the company’s stock valued at $224,000 after purchasing an additional 905 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in First Trust Core Investment Grade ETF by 15.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 6,841 shares of the company’s stock valued at $145,000 after purchasing an additional 912 shares during the period.

First Trust Core Investment Grade ETF Price Performance

Shares of NYSEARCA FTCB opened at $20.88 on Monday. The stock has a fifty day simple moving average of $20.93 and a two-hundred day simple moving average of $21.15. First Trust Core Investment Grade ETF has a 1-year low of $20.59 and a 1-year high of $21.87.

First Trust Core Investment Grade ETF Company Profile

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.